Apple tipped for market growth

Analysts at Piper Jaffray believe that a 0.5 per cent increase in market share is "not unrealistic" for Apple given the current interest and demand in the company's products.

By
Macworld staff
, | 05 Oct 04

Analysts at Piper Jaffray believe that a 0.5 per cent increase in market share is "not unrealistic" for Apple given the current interest and demand in the company's products.

"We believe a 0.5 per cent increase in market share, to 2.5 per cent, would have a significant impact on numbers, increasing calendar 2005 and 2006 Mac sales by 16 per cent and 24 per cent, respectively.

"Despite potential supply issues in the September quarter, demand remains strong, and we believe that over the next two years Apple has the ability to grow its market share ahead of expectations.

"This will be driven by greater-than-expected adoption of iPod/HP iPod, translating to acceleration in sales of Macs."

The analyst house has maintained an outperform rating on the company, and fixed a $40 target price, according to Forbes.